TSMC's Taiwan investment plan has not changed, says minister

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Taiwan's TSMC has not changed the investment plan for its new chip factory in the island's southern city of Kaohsiung, Economy Minister Wang Mei-hua said on Wednesday, responding to a media report of the chipmaker slowing down expansion at home.

A smartphone with a displayed TSMC logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustrationhas not changed the investment plan for its new chip factory in the island's southern city of Kaohsiung, Economy Minister Wang Mei-hua said on Wednesday, responding to a media report of the chipmaker slowing down expansion at home.

Wang's comments come after Taiwan's DigiTimes publication reported, citing sources, that TSMC is slowing down its expansion plans in Kaohsiung and other Taiwanese cities.supplier, declined to comment, citing its quiet period ahead of quarterly earnings due next week.

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